Remember that ship quarantined in Japan? (Well, just off of Japan)
https://news.yahoo.com/fourth-person-quarantined-ship-dies-japan-plans-measures-052934371.htmlSo far 700 have been diagnosed with COVID-19. (And there were apparently some monumental screw-ups with the quarantine, leading to cases popping up in Japan, proper, but I digress.)
Of those, 4 have died. 10 more deaths would put it at the 2% that was reported out of China, but 4 deaths
1 (just over .5% mortality) is still FAR more deadly than the flu.
This is a frightening disease. AND it really highlights just a miniscule portion of the dangers of a global supply chain. It works great until we have a black swan event
2, and then the markets tank and companies have to do things they should have been doing all along to mitigate risk, causing the whole world to suffer.
1: One of the deaths has not yet been blamed on the virus, but has no alternative explanation, either, so I'm going with the virus until I get better data.
2: Just a reminder that "black swan" doesn't mean a rare event. It means an event that we thought was rare because of our perspective, but in truth isn't rare at all.